The city of Jammu in the Jammu Division of the Indian state of Jammu and Kashmir is the winter capital of the state. All the administrative offices of Jammu & Kashmir move from Srinagar to Jammu from November to April. Jammu is the main cultural and economic center of the administrative division of Jammu. The city dwells on the banks of River Tawi, with five bridges on the river. Jammu city is surrounded by the Shivalik range and the Trikuta Range. It experiences a humid subtropical climate with extremely torrid summer reaching 46 ?C, and freezing winters, occasionally falling below 4 ?C. Tourism is the largest industry in Jammu. The city serves as a focal point for the pilgrims visiting Vaishno Devi. All the major tourist attractions in Kashmir such as Poonch, Doda and Laddakh are reached via Jammu city. Hence, the city bustles with tourists from all the parts of India throughout the year. Various places of tourist interest in and around Jammu include old historic relics like Mubarak Mandi, Rani Park, Amar Mahal, Purani Mandi, Bahu Fort, Ranbireshwar Temple, Karbala, Raghunath Temple, Peer Meetha, Old city, etc. The economy of the city is also supported by its number of woodgrain mills and rice mills which cater to the local population. There is an industrial estate located at Bari Brahamna which has Industrial units manufacturing products like carpets, electronic goods, electric goods, etc. This area also has a freight rail link which aids in carrying the manufactured goods to other parts the country.
The Indian Bank was founded on 15th August,1907. Fourteen top banks were nationalized by the Indian Government on 19th July,1969, including Indian Bank. As a result of the nationalization, the branches of nationalized Indian banks in Malaysia were forbidden to continue operations as parent branches. At that time, Indian Bank had three offices. In 1973, the three branches merged to establish United Asian Bank Berhad and take over their Malaysian operations. After the nationalization, Indian Bank was left with only two foreign offices, one in Colombo and the other in Singapore. The International expansion resumed in 1978 with Indian Bank becoming a technical adviser to PT Bank Rama in Indonesia. Two years later, Indian Bank, BOB, and UBI established Indian Union Bank International Finance, in Hong Kong. The three banks had an equal share in the joint venture; the Indian Banks Chairman became the first Chairman of IUB International Finance. In May 1980, the Indian Bank also opened a foreign currency unit at its branch in Colombo. In 1981, the Indian Bank set up its first Regional Rural Bank, in Chittoor.